Bank of America Increases Onestream (NASDAQ:OS) Price Target to $33.00

Onestream (NASDAQ:OS) had its price target upped by research analysts at Bank of America from $29.00 to $33.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s target price would indicate a potential upside of 16.40% from the stock’s current price.

A number of other equities analysts have also commented on the company. Scotiabank restated an “outperform” rating on shares of Onestream in a research note on Thursday, April 24th. Truist Financial lowered their price objective on Onestream from $37.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. lowered Onestream from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $30.00 to $26.00 in a research note on Wednesday, February 12th. Guggenheim restated a “buy” rating and set a $35.00 price objective on shares of Onestream in a research note on Wednesday, February 12th. Finally, Mizuho started coverage on Onestream in a research note on Wednesday, April 30th. They set an “outperform” rating and a $30.00 price objective on the stock. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Onestream has an average rating of “Moderate Buy” and a consensus target price of $32.10.

Onestream Trading Down 0.2%

Shares of NASDAQ OS opened at $28.35 on Wednesday. Onestream has a 1-year low of $16.69 and a 1-year high of $35.39. The business’s 50 day moving average is $21.74 and its 200-day moving average is $26.32.

Onestream (NASDAQ:OS) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. The business had revenue of $136.31 million during the quarter, compared to the consensus estimate of $131.08 million. Onestream’s quarterly revenue was up 23.6% on a year-over-year basis. On average, sell-side analysts forecast that Onestream will post 0.05 earnings per share for the current fiscal year.

Insider Activity at Onestream

In other Onestream news, Director John Kinzer sold 40,000 shares of Onestream stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total transaction of $811,200.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $25.04, for a total value of $250,400.00. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in OS. Barclays PLC bought a new position in shares of Onestream in the 3rd quarter worth about $369,000. Franklin Resources Inc. bought a new position in shares of Onestream in the 3rd quarter worth about $3,491,000. JPMorgan Chase & Co. bought a new position in shares of Onestream in the 3rd quarter worth about $1,037,000. Moody National Bank Trust Division bought a new position in shares of Onestream in the 4th quarter worth about $200,000. Finally, SG Americas Securities LLC bought a new position in shares of Onestream in the 4th quarter worth about $166,000.

About Onestream

OneStream, Inc is a holding company, which engages in the development of an artificial intelligence (AI) based enterprise finance platform. The firm offers Digital Finance Cloud, an AI-enabled and extensible software platform that unifies core financial functions and operational data and processes. The company was founded by Craig Colby and Thomas Shea on October 15, 2021 and is headquartered in Birmingham, MI.